Mogadishu(SONNA)-President of the Federal Authorities of Somalia, H.E. Hassan Sheikh Mohamud has on Sunday launched annual convention of the Somali Bankers Associations, specializing in investments, progress of infrastructure, and initiatives geared toward managing monetary system within the nation.
The President counseled the merchants’ efforts in nation’s growth and urged them to be accountable in paying taxes, conserving the laws and strengthening the statehood, so as, to get lasting peace which could lead on developed companies and international funding.
“The Statehood is ideas and imposing guidelines, and so as, to get it, you need to pay taxes, the federal government can’t function with out taxation, we commed banks and telecommunication establishments, we emphasize merchants to pay the taxes, not disguise with it from the procedures set on, if hidding from it, it’s theft and crime and you can be punished. It’s not proper to alter the service provider quantity. know that folks pay taxes, not you however you’re facilitators and it is going to be used for social companies and safety and taking taxes is a part of authorities’s responsibility”, President Hassan mentioned.
